10261 Glen Grove PointHammondsportNY14840
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hammondsport at 10261 Glen Grove Point, Hammondsport, NY, 14840 generates $2,417/mo in rent, after a $8,032/mo payment. Total monthly income is $2,417/mo. Return on cash invested sits at 1.09% in year one, and rental yield is 1.77% on a $1,641,000 entry. Equity gained on principal adds $10,589/yr, while 5% annual appreciation builds toward $453,378 over five years. Five-year ROI reaches 2.5% and total cumulative return in cash sums $13,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,417/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14840, Hammondsport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,129 (39.0%) |
| Renter Occupied HU | 240 ( 8.3%) |
| Vacant Housing Units | 1,528 (52.7%) |
| Median Home Value | $326,471 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,743
Multi-Family
21
Businesses
114
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Listed by: Mark C. Malcolm II • Century 21 Steve Davoli RE
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1623034
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